Comment on Zerodha - your tax aide while you trade

Nithin Kamath commented on 25 May 2015, 03:19 PM

Rajiv,
1. When a company gives out dividends, the taxes are already paid by the company. So investors or traders, don’t need to pay any tax on dividend income.
2. Yes you can, but if you do this once too many times, the ITO might have a problem.
3. The turnover calculation is just to determine if you need a tax audit or not. If turnover more than 1 cr or if profit <8% of turnover you need an audit. In ITR 4 like your CA's says, you can only enter in the purchase/sale fields.

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